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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Claim of unabsorbed business loss, depreciation of amalgamated ...


High Court Confirms ITAT Decision on Amalgamated Company's Unabsorbed Loss and Depreciation Claim Under SICA and Income Tax Act.

September 9, 2017

Case Laws     Income Tax     HC

Claim of unabsorbed business loss, depreciation of amalgamated company - Order passed by BIFR u/s 32(2) of SICA r.w.s.72A(2)(ii) of IT Act - ITAT did not commit an error in confirming the disallowance of depreciation amounting in excess of the amount allowed by the BIFR - HC

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